Red Flags Rule Facts For PhysiciansRed Flags Rule Facts For PhysiciansOn Monday, December 20th, 2010 at 5:46 am, No Comments »
Red Flags Rule Facts For Physicians Red Flags Rule Facts For Physicians Why Submit Articles? 0 && $.browser.msie ) { Register Email Home Page > Business > Small Business > Red Flags Rule Facts For Physicians Red Flags Rule Facts For Physicians Posted: Jun 08, 2010 |Comments: 0 | ]]> Since the Federal Trade Commission (FTC) first issued the set of regulations referred to as “Red Flags Rule” in November 2007, there has been a controversy regarding application of the Rule to physicians and medical billing services. At the end of May 2010, the American Medical Association successfully obtained yet another delay from the FTC regarding the Red Flags Rule until December 31, 2010. The AMA continues to work to convince the FTC that physicians should be exempt from the rule. It should be noted AMA has held this position for the past two years. The Rule applies to an institution which operates as a “creditor”. It has been FTC’s stand that physicians fall into the creditor status because they provide services on credit awaiting insurance payment or in some instances enters into payment arrangements with patients for their medical billing services. What is the Red Flags Rule all about? The rule is being put in place as protection from identity theft. Identity theft is a person’s use of another’s personal identification such as name, Social Security, credit card number, or insurance information. Medical identity theft presents a real problem in the medical community. This type of theft can result in false claims being processed by medical billing companies and physicians when a patient uses another person’s insurance card and coverage. Erroneous documentation can be made in the chart of a medical identity theft victim. The FTC has identified the following to be red flags: Consumer reporting agency notifications, warnings and alerts What should a physician and medical billing companies do to comply with the Rule by next year? The Red Flags Rule requires that reasonable policies and procedures be put in place for identification, detection and provide a response to the red flags of identity theft. Reasonable is a fairly loose term with definition dependent upon specifics of the medical entity. The Red Flags Program for your practice or medical billing services should be reviewed and updated at minimum on an annual basis. The Red Flags Rule policies and procedures should be developed to complement policies and procedures already in place for HIPAA privacy and security of personal health information (PHI) for patients. The American Medical Association, Medical Group Management Association and various other medical group organizations have resources available to provide assistance in assuring compliance with the Rule. Yes, it is possible the AMA may be successful in attempts to have physicians excluded from the Rule but for safe practice the medical community including medical billing services should be prepared with a Red Flag Program in place before the end of the year. Failure to have the necessary policies and procedures in place by December 31, 2010 could result in up to a ,500 penalty for each “knowing violation”.
Retrieved from “http://www.articlesbase.com/small-business-articles/red-flags-rule-facts-for-physicians-2578007.html” (ArticlesBase SC #2578007) Liked this article? Click here to publish it on your website or blog, it’s free and easy! PGM Billing - Since 1981, Physicians Group Management (PGM) has been providing medical billing and practice management services to physicians and healthcare facilities. Over the years, we have developed a range of products and services that provide our clients with a fully integrated platform encompassing the entire medical practice workflow. From front office appointment scheduling and patient encounter management to medical billing and revenue collection, PGM’s innovative products and services, simplify and manage each aspect of the practice workflow. We have built our service offering with the belief that physicians prefer to manage the health of their patients and not be consumed with the paperwork associated with running a practice. PGM’s experience and best in class track record provides clients with in-depth knowledge of the technology and skills needed to make your practice run productively and efficiently.
Questions and Answers Ask our experts your Small Business related questions here…200 Characters left What are the red flags that i might look for in the financial statements of a money lending company to the public ]]> Rate this Article vote(s) Feedback Source: http://www.articlesbase.com/small-business-articles/red-flags-rule-facts-for-physicians-2578007.html Article Tags: Latest Small Business Articles
George Blackburn, professor at Harvard Medical School, uncovers the secrets to a correct diet. He also talks about how to find the ideal weight and how thin people should lose weight. At the end he discusses the connection between sleep, stress and weight. (09:14)
In this health video learn about a new blood test for prostate cancer can rule out cancer in about
This health video is going to focus on different ways you can conquer your back pain so that it doesn’t’ rule your life. (04:10)
Healthcare policy creates rules and regulations on a number of issues surrounding the way you and I receive our medical treatment. (00:25)
Sure, medication can help, but many children with ADHD benefit just as much from simple routine and rule shifts. (01:01) EMR is a long-term investment and providers must be careful in choosing the right solution. Most Practices have very limited resources to evaluate every product of interest. They depend upon CCHIT certification to select an EHR product. Non-certification of a product does not necessarily mean that it will not meet the specific requirements of the Practice.
By: Health> United States Government Invests in Nation’s Electronic Health Records In an effort to digitize the health-care industry, the government recently revealed .2 billion in federal grants for health care providers to transition electronic health records systems. By: Health> Up until recently a physician practice EMR (electronic medical record) might have still been considered a luxury but it is now mandated with a date for all patient data to be processed using EMR systems by 2015. Less than half of private practice physicians currently have implemented an EMR in their practice. The Obama Administration has given a substantial push on increasing the use of EMR by providing funding in the way of economic stimulus funds. By: Business> How to Choose the Right Medical Billing Software for Your Practice or Business How do you choose the right medical billing software for your practice or business? By: Business> Electronic Medical Records (EMR) Made For Texans, By Texans With their success in the creation of UT’s information technology program and with 1 in 8 prescriptions in the state of Texas processed using their equipment, eMDs is the leading source for EMR solutions for Texans, by Texans. e-MDs, a leader in electronic medical record software provision, will help you understand how to use your new EMR system or assess and upgrade your current system in a way that achieves ARRA-defined Meaningful Use. By: Health> Working Smarter in Your Medical Practice: Tips for Reducing Overhead and Increasing Revenue EHR and Medical Billing Services help optimize your practice. By: Computers> The Physician’s Guide to Electronic Medical Records Software A challenge awaits the physician who has had enough of the frustrating inefficiencies, financial penalties, and antiquated practices associated with maintaining a paper-based medical office. It doesn’t take long before the 300 or so electronic medical records software screenshots and feature/benefit grids begin to look remarkably similar. The sheer number of vendors occupying the EMR (electronic medical records) market is unmanageable without a basic product assessment/elimination strategy. By: Parking in the beautiful city of San Francisco A Rarity One of the most populous cities in the United States, San Francisco is renowned as the financial, cultural and transportation hub of the state. San Francisco is also one of the most popular tourist destinations in the country known popularly for its connection with Victorian architecture, the Golden Gate Bridge and Chinatown amongst others. By: Business> The Road to Finding the Best Vancouver Home Mover Company Isn’t Easy When you start looking for a Vancouver Home Moving Company, you will see that things are not easy. You have a long road to walk on in front of you when looking for the best shipping quotes. Once you have obtained a number of quotes, you should then compare each home moving company in terms of the price they have provided and any additional features of their service. It is not just about who is the cheapest, but is also about the level of quality service they can provide, the safety factors… By: Business> Local Online Advertising: Is It a Must for An Entrepreneur? The Internet, since its introduction, has practically changed the way we view advertising. These days, advertising is accessible to all levels of businesses. All it takes really is some real knowledge and technical capacities even for local online advertising to successfully reach its market. By: Business> Local Online Advertising Made Easy Through Social Networks If you intend to fully engage in local online advertising, you need to familiarize yourself with terms like SEO and link building. These terminologies are often associated Internet advertising. By: Business> Social Media for Local Online Advertising: Is It Possible? As a start up entrepreneur, one of your major goals and objectives is definitely to achieve full scale and widely recognized business status. To get there, you need to take the hard road just like everyone else. By: Business> Points Entrepreneurs Often Forget About Local Online Advertising The Internet is a very powerful medium that most entrepreneurs and business starters find themselves drowning in a vast ocean of online marketing strategies. Social networking sites are proliferating these days. Online video sites, community forums and online discussions are increasingly more accessible. By: Business> Capturing Local Mobile Consumers by Capitalizing on Local Search Marketing One of the search engine giants, Bing, provided by Microsoft has released eye opening statistics. Microsoft has claimed that 53 percent of mobile searches on Bing are local in nature. This is amazing considering that just last March Google has announced that local intent is behind one-third of their mobile searches as well. By: Business> Ways of Optimizing Your Local Search Marketing To Outrank Competition Studies have shown that more than 70% of shoppers now prefer to search local business listings on the web over Local Yellow Pages. With most consumer purchases being done locally, most of those who perform searches are already inclined to buy a specific product or service. By: Business> Up until recently a physician practice EMR (electronic medical record) might have still been considered a luxury but it is now mandated with a date for all patient data to be processed using EMR systems by 2015. Less than half of private practice physicians currently have implemented an EMR in their practice. The Obama Administration has given a substantial push on increasing the use of EMR by providing funding in the way of economic stimulus funds. By: Business> Red Flags Rule Facts For Physicians Since the Federal Trade Commission (FTC) first issued the set of regulations referred to as “Red Flags Rule” in November 2007, there has been a controversy regarding application of the Rule to physicians and medical billing services. At the end of May 2010, the American Medical Association successfully obtained yet another delay from the FTC regarding the Red Flags Rule until December 31, 2010. By: Business> Add new Comment Your Name: * Your Email: Comment Body: *
Verification code:* * Required fields Submit Your Articles Here Sign Up Today
Author Navigation My Home My Home PGM Billing has 2 articles online Articles Categories Advertising Agriculture ]]> Need Help? Site Links Webmasters Business Info Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License. Since 1981, Physicians Group Management (PGM) has been providing medical billing and practice management services to physicians and healthcare facilities. Over the years, we have developed a range of products and services that provide our clients with a fully integrated platform encompassing the entire medical practice workflow. From front office appointment scheduling and patient encounter management to medical billing and revenue collection, PGM’s innovative products and services, simplify and manage each aspect of the practice workflow. We have built our service offering with the belief that physicians prefer to manage the health of their patients and not be consumed with the paperwork associated with running a practice. PGM’s experience and best in class track record provides clients with in-depth knowledge of the technology and skills needed to make your practice run productively and efficiently.
Related posts: Leave a CommentLeave a Reply |
|
English 
French 
Bulgarian 
German 
Spanish 
Russian 
Persian 
Portuguese 
Norwegian 
